Sell Multi Commodity Exchange of India, target Rs 710: Shrikant Chouhan

Shrikant Chouhan of Kotak Securities has sell call on Multi Commodity Exchange of India with a target price of Rs 710.

The current market price of Multi Commodity Exchange of India is Rs 747.80.

Time period given by the analyst is 'Intra Day' when Multi Commodity Exchange of India price can reach defined target.

Shrikant Chouhan recommended to keep a stop loss at Rs 756.

Multi Commodity Exchange of India, incorporated in the year 2002, is a Mid Cap company (having a market cap of Rs 3,813.66 Crore) operating in Finance sector.

The company’s top management includes Dr.M Govinda Rao, Mr.Amit Goela, Mr.Arun Bhargava, Mr.Arun Kumar Nanda, Mr.Chengalath Jayaram, Mr.Hemang Raja, Mr.Mrugank Madhukar Paranjape, Mr.Parveen Kumar Singhal, Mr.Prithvi Haldea, Mr.Saurabh Chandra, Mr.Shankar Aggarwal, Mr.Subrata Kumar Mitra, Ms.Madhu Vadera Jayakumar, Ms.Padma Raghunathan.

Company has Shah Gupta & Co. as its auditors.

As on 31-12-2017, the company has a total of 50,998,369 shares outstanding.